40 Clinton StBrockport, NY 14420

Property Details for 40 Clinton St

Year built

1850

Lot size

0.20 AC

Property size (Sq ft)

6,840 SF

Zone code

05 - COMMERCIAL

Property type

Showrooms

APN

265201 068.52-2-3

APU

2652010685223

Description

This exceptional 6,840 square foot mixed-use property, situated on a 0.2-acre lot at 40 Clinton Street in Brockport, NY, presents a unique investment opportunity. Located directly on the Erie Canal, this renovated property (2021) offers stunning canal views from its attractive patio. The building comprises four units: two commercial and two residential. Both commercial units are currently leased on a month-to-month basis, providing flexibility for the new owner. The two modern residential units are occupied by stable tenants, ensuring a consistent income stream. A significant upgrade, a second-floor gym, was added in 2023, enhancing tenant satisfaction and property value. Ample parking is available in an adjacent lot included in the sale, catering to both tenants and patrons. This property benefits from its location in the charming village of Brockport, offering easy access to local amenities, shops, restaurants, and recreational activities along the canal. The combination of income-generating units, modern amenities, and a desirable canal-front location makes this a compelling investment opportunity in a thriving community. The asking price is $499,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,722,356

  6.5%

  $1,589,867

  7%

  $1,476,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,611,856

  Geo Method

  $1,084,367

• Alternative Use

  Use

  Valuation

  Residential

  $1,341,113

  Hospitality

  $1,228,452

  Educational

  $1,022,058

  Medical

  $1,057,208

  Retail

  $1,589,867

Location Insight

City

Brockport

County

Monroe

State

New York

Latitude

43.2166

Longitude

-77.9404

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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